ISLAMABAD – Pakistan began the new fiscal year on a strong note, securing $695 million in foreign inflows during July. This marks a remarkable 59 percent increase compared to the same month last year, with $675 million coming from loans and $19 million from grants.
The surge follows the finalisation of the Extended Funding Facility (EFF) with the International Monetary Fund, helping pave the way for increased inflow confidence. Within the inflows, project financing accounted for $246 million—a decrease from $307 million in July of the previous year. Meanwhile, non-project financing surged to $448 million, a near 250 percent increase from the $129 million recorded a year earlier.
Other notable figures include a significant boost in budget support loans, which climbed to $196 million from just $1.23 million in the same period last year. Multilateral lending rose to $380 million, and bilateral contributions totalled $118 million, both exceeding July 2024 levels. Remittances via Naya Pakistan Certificates also picked up, delivering $196 million—up from $128 million in July 2024.
The government has set an ambitious goal for the year ahead, targeting nearly $20 billion in total foreign inflows—including sources ranging from international bonds and foreign commercial loans to deposits from strategic allies.
This story has been reported by PakTribune. All rights reserved.